Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
Oil prices settled lower on Friday, as optimism over Russia-Ukraine peace negotiations suggested potential relief from sanctions on Moscow, which could increase global energy supplies. Brent crude fell 28 cents (0.37%) to $74.74 per barrel, while WTI dropped 55 cents (0.77%) to $70.74. Despite the daily losses, Brent finished the week with a slight 0.11% […]
Oil prices remained largely steady on Thursday, recovering from earlier losses of more than 1%, as ongoing Russia-Ukraine peace talks weighed on prices, but optimism over a potential pause in new U.S. tariffs provided support. Brent crude futures were down 2 cents (0.02%) at $75.16 per barrel, while WTI gained just 1 cent (0.1%). The […]
Oil prices fell over 2% on Wednesday after U.S. President Donald Trump took initial steps toward diplomacy to resolve the Ukraine war.. Brent crude settled down $1.82 (2.36%) at $75.18 per barrel, while WTI dropped $1.95 (2.66%) to $71.37 per barrel. This decline followed a three-day rally, during which Brent rose 3.6% and WTI gained […]
Oil prices climbed to a two-week high on Tuesday, driven by sanctions on Russian and Iranian crude exports and escalating Middle East tensions, despite concerns that trade tariffs could slow global growth and energy demand. Brent crude settled at $77.00 per barrel, up $1.13 (1.5%), while WTI rose to $73.32 per barrel, gaining $1.00 (1.4%), […]
Oil prices climbed nearly 2% on Monday following three consecutive weeks of losses, despite lingering concerns over a potential trade war initiated by U.S. President Donald Trump. Brent crude settled at $75.87 per barrel, up $1.21 (1.6%), while WTI rose to $72.32 per barrel, gaining $1.32 (1.9%). This rebound comes after a 2.8% drop last […]
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“The beginning is the most important part of the work.” – Plato Jobs Update Stocks closed lower on Friday of last week and lower week over week The DOW closed lower on Friday of last week, down -444.23 points (-0.99%) and closing out the week at 44,303.4, down -241.27 points week-over-week. The S&P 500 closed […]
Oil prices rose on Friday following the imposition of new U.S. sanctions on Iran’s crude exports, but declined for the week as concerns over President Donald Trump’s escalating trade war with China and potential tariffs on other countries weighed on the market. Brent crude settled at $74.66 per barrel, up $0.37 (0.5%), while WTI closed […]
Oil prices declined on Thursday as President Donald Trump reaffirmed his commitment to increasing U.S. oil production, unsettling traders after a sharp rise in U.S. crude inventories. Brent crude fell $0.32 (0.4%), settling at $74.29 per barrel, while WTI dropped $0.42 (0.6%) to $70.61 per barrel. Trump’s push to boost production aims to lower energy […]
Oil prices dropped over 2% on Wednesday as U.S. crude and gasoline stockpiles saw a significant build, indicating weaker demand, while escalating U.S.-China trade tensions raised concerns over economic growth. Brent crude fell $1.59 (2.09%) to $74.61 per barrel, while U.S. West Texas Intermediate (WTI) dropped $1.67 (2.3%) to $71.03 per barrel. The Energy Information […]